Driving Transaction Costs Down to Zero w/ Raoul Pal & Jeremy Allaire
Circle co-founder, chairman, and CEO Jeremy Allaire joins Raoul Pal, Real Vision CEO, to talk about stable coins, regulation, and the problems that Circle is aiming to solve.
Jeremy Allaire shares his story on how Circle was created with the purpose to improve traditional money and fiat transactions, and how it all led to the creation of USD Coin (USDC). Allaire adds that overtime, fiat digital currencies on public networks will drive the cost of transacting value down to zero, and regulation of the cryptocurrency industry implies the government's willingness to work together with the industry to incorporate cryptocurrencies within institutions.
Filmed on January 14, 2021.